MERRILEA, IVY LANE, WOKING, GU22 7BY - £932,500

The information on this page is based on a number of underlying datasets, most of which are updated monthly. We maintain an update schedule which explains which version of each dataset we are currently relying on.

MERRILEA is a large detached house of 194m², built sometime between 1991 and 1995, which could now be worth an estimated £1,079,117. It was last sold for £932,500 in June 2018, which was around 12% above the average June 2018 detached price in the Woking local authority area. The most recent EPC inspection was July 2012, where the current energy rating was D, and the potential energy rating was C.

MERRILEA Sold Prices

Land registry data shows two sales for MERRILEA since 1^st January 1995. The below table shows the price paid for the two sales, along with the average detached price in the Woking local authority area for the corresponding sale date. Both of the two MERRILEA sales were for above the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2018 4 JUN	£932,500	£833,831	12% above HPI
2013 5 APR	£750,000	£581,347	29% above HPI

MERRILEA Price Paid vs. HPI Average

The below graph shows the average detached house price in the Woking local authority area over time, sourced from the HPI. The two MERRILEA sales from April 2013 and June 2018 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the April 2013 sale was for 29% above the HPI. So the extrapolation line tracks at 29% above the HPI over time, until the June 2018 sale, where it falls to 12% above the HPI. The line then continues to track at 12% above the HPI.

What might MERRILEA be worth now?

MERRILEA might now be worth an estimated £1,079,117.

This is based on house price inflation of 15.7%, between June 2018 and February 2025, for detached houses, in the Woking local authority area, as calculated by the Office for National Statistics and published in their UK House Price Index (HPI).

The 15.7% inflationary increase is applied to the most recent sale price for MERRILEA of £932,500 on 4th June 2018. For the value to have increased from £932,500 to £1,079,117 over the seven years and four months to February 2025, the following assumptions must hold true:

• The value of MERRILEA has moved in line with the HPI for detached houses in the Woking local authority area.
• The June 2018 sale price of £932,500 represented a fair market value for the property.
• The size, condition, and specification of MERRILEA has not materially changed since June 2018.

How Large is MERRILEA?

MERRILEA is 194m² according to the EPC inspection conducted in July 2012. This puts it in the largest 30% of detached houses houses in Woking, based on EPC data. The below chart shows the distribution of detached houses houses by size in Woking, and where MERRILEA lies on this distribution: 79% of detached houses houses are smaller than MERRILEA, and 21% of houses are larger. Note that EPC data is not available for all properties in Woking.

MERRILEA: Plot and Title Map

MERRILEA sits on a plot of roughly 0.265 of an acre, or 1,074m². The below map shows the location of MERRILEA, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of MERRILEA). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is MERRILEA?

MERRILEA is located on IVY LANE in WOKING, in the GU22 postcode district. The below map shows the position of MERRILEA on IVY LANE.